Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

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BING NEWS:
  • Moody's downgrades Nokia further into junk status
    Moody's Investors Services downgraded Nokia's debt rating by a notch to B1, meaning that the Finnish handset manufacturer has slipped further into junk territory on the back of cash flow concerns. "We have downgraded Nokia's CFR [corporate family rating ...
    08/23/2013 - 7:01 am | View Link
  • Moody's Downgrades Nokia To Junk Status
    HELSINKI (AP) — Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 8:25 am | View Link
  • Moody's downgrades Nokia to near-junk status
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  • Moody's downgrades Nokia debt to near junk
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  • Moody’s downgrades Nokia debt to near junk
    HELSINKI (AP) — Moody’s ratings agency downgraded Nokia’s debt grade to near junk status on Monday, citing a sharp decline in first-quarter cellphone sales that led to a 35 percent fall in revenue. The agency lowered Nokia Corp.’s long-term credit ...
    04/16/2012 - 3:29 am | View Link
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